Economy

Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In this post, we use the inaugural release of our…

Martin Almuzara, Richard Audoly, and Davide Melcangi Economists often look at nominal wage growth to gauge labor market imbalances, price…

Nina Boyarchenko and Leonardo Elias The global corporate nonfinancial bond market is both a large investment asset class and a…

Simone Lenzu In the third quarter of 2025, America’s largest tech firms for the first time spent more on capital…

Matthew Higgins and Thomas Klitgaard Foreign holdings of U.S. financial assets are immense, with official estimates putting their current market…

Richard Audoly, Miles Guerin, and Giorgio Topa As generative AI tools become more widely used, a key issue is the…

Zara Jacob, Donghoon Lee, Daniel Mangrum, Joelle W. Scally, and Wilbert van der Klaauw During 2026:Q1, household debt balances increased…

Hunter L. Clark, Jeffrey B. Dawson, and Shad Turney The conflict in the Middle East has precipitated a global supply…

Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman Do the recent stresses in the NBFI space—notably the bankruptcies of Tricolor…

Hunter L. Clark and Gregory Simitian Over the past year, U.S. trade policy with China has undergone enormous changes, but…